MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 11,645 Shares of Knife River Corporation $KNF

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Knife River Corporation by 2.8%, holding approximately 0.72% of the company with 409,410 shares valued at $36.93 million.
• Analysts have a generally "Buy" rating for Knife River, with average price targets ranging from $97.00 to $129.00, indicating potential growth.
• Knife River reported earnings of $0.89 per share, missing the consensus estimate, with revenues of $833.80 million for the most recent quarter.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in Knife River Corporation (NYSE:KNF - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 409,410 shares of the company's stock after selling 11,645 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.72% of Knife River worth $36,933,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its stake in shares of Knife River by 19.1% in the 1st quarter. Fifth Third Bancorp now owns 661 shares of the company's stock valued at $60,000 after purchasing an additional 106 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its holdings in shares of Knife River by 2.0% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 8,004 shares of the company's stock worth $722,000 after purchasing an additional 159 shares during the period. Greenleaf Trust increased its stake in Knife River by 6.7% in the first quarter. Greenleaf Trust now owns 2,567 shares of the company's stock valued at $232,000 after acquiring an additional 162 shares during the period. State of Alaska Department of Revenue increased its stake in Knife River by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 6,631 shares of the company's stock valued at $598,000 after acquiring an additional 175 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Knife River by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company's stock valued at $1,434,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 80.11% of the company's stock.

Knife River Trading Down 2.4%

NYSE:KNF traded down $1.96 during mid-day trading on Friday, hitting $78.72. 126,412 shares of the company's stock were exchanged, compared to its average volume of 567,497. The company has a 50 day simple moving average of $83.34 and a 200-day simple moving average of $88.25. The company has a current ratio of 2.78, a quick ratio of 1.57 and a debt-to-equity ratio of 0.92. Knife River Corporation has a fifty-two week low of $74.50 and a fifty-two week high of $108.83. The firm has a market capitalization of $4.46 billion, a P/E ratio of 29.28, a PEG ratio of 5.73 and a beta of 0.62.

Knife River (NYSE:KNF - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.38). The business had revenue of $833.80 million for the quarter, compared to analyst estimates of $902.26 million. Knife River had a return on equity of 10.58% and a net margin of 5.20%.The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. Knife River has set its FY 2025 guidance at EPS. As a group, research analysts expect that Knife River Corporation will post 4.11 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. DA Davidson decreased their price objective on shares of Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, June 10th. Royal Bank Of Canada assumed coverage on shares of Knife River in a research note on Monday, June 16th. They set an "outperform" rating and a $129.00 price target for the company. Finally, Wells Fargo & Company upped their target price on shares of Knife River from $96.00 to $97.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $114.33.

About Knife River

Knife River Corporation, together with its subsidiaries, provides aggregates- led construction materials and contracting services in the United States. It operates through Pacific, Northwest, Mountain, Central, and Energy Services segments. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete.